You see, this is what happens when usually sober newsletter writers decide to let their hair down (as it were). A kindly blog reader brought this stock to my attention after seeing the FTEK post. Seeing the cup & handle on the chart and this story stock's cash position triple its market cap I said, well, maybe the public will finally start to bite on all this 'go green' hysteria the government is trying to whip up.
I have upside targets for the markets, especially the BKX bank index and some important commodities and the S&P 500. It looks more and more like the rally will end only when these targets are attained while the public, that capitulated and swore off Wall Street forever, at least begins to buy back in as they just can't stand watching it rise anymore.
Junk like this (sorry Tom, just a descriptor of anything I know next to nothing about that is likely to get a hype boost) may just get the spec pump. My positions are fairly small and this is not a reco. It may be the greatest company in the world, but I have not done sufficient DD (as in almost none) to comment. Just biding time as a trader until the real anticipated turns play out.
Edit (2:57) Let me be clear about one thing from the sober side. This is still the same blog that declares risk is rising. At such time as this chart may choose to explode and the markets finally hit targets, the case for reward vs. risk will be untenable. In my opinion, this is a time for traders who can be nimble to do their thing and others to remain patient. If there is a real bull market brewing here - no way says I - then it will provide plenty of chances for entry. The players are much more likely going to offload the trade to top-buying bag holders. Just as we buy 'all in and around bottoms' because they can take so long to form, so it goes with tops, only from a seller's perspective.
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